ABBREVIATED ACCOUNTS
\ɐbɹˈiːvɪˌe͡ɪtɪd ɐkˈa͡ʊnts], \ɐbɹˈiːvɪˌeɪtɪd ɐkˈaʊnts], \ɐ_b_ɹ_ˈiː_v_ɪ__ˌeɪ_t_ɪ_d ɐ_k_ˈaʊ_n_t_s]\
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A simplified financial statement that a specific small firm is allowed to file. It is filed with the registrar of companies in the United Kingdom. Almost half of the active UK firms have chosen abbreviated accounts for their companies. Another term for abridged accounts.
By Henry Campbell Black
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